冠中生态（300948）公告，2025年第一季度营业收入2283.2万元，同比下降31.87%。净亏损373.4万 元，去年同期净亏损215.06万元。 ...

丨证券研究报告丨 联合研究丨公司点评丨赛恩斯（688480.SH） [Table_Title] 赛恩斯： 2024A/2025Q1 扣非业绩同比增 55%/10%，业务结构显著优化 报告要点 [Table_Summary] 2024A 公司实现归母净利润 1.81 亿元，同比增长 100%；扣非归母净利润 1.16 亿元，同比增 长 54.7%。2025Q1 实现扣非归母净利润 0.17 亿元，同比增长 10.1%。公司业务结构优化，运 营类收入占比提升，持续经营能力增强。龙立化学产能爬坡、铼酸铵项目有望带来增量。 分析师及联系人 [Table_Author] 徐科 王鹤涛 王筱茜 李博文 SAC：S0490517090001 SAC：S0490512070002 SAC：S0490519080004 SAC：S0490524080004 SFC：BUV415 SFC：BQT626 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 赛恩斯（688480.SH） cjzqdt11111 [Table_Title 赛恩斯： 2024A/2025Q1 2] 扣非业绩同比 ...

海伦哲：股东拟减持不超2.12%公司股份 4月28日，海伦哲（300150）发布公告称，持股5%以上股东股东MEI TUNG(CHINA) LIMITED计划15个 交易日后的3个月内通过集中竞价或大宗交易方式减持股份不超过2209万股，占公司剔除回购专用账户 股份后总股本的比例为2.12%。 资料显示，海伦哲成立于2005年3月，主营业务是特种车辆产品的研发、生产、销售和服务业务。 所属行业：机械设备–工程机械–工程机械整机乳品 世纪瑞尔：股东拟减持不超3%公司股份 4月28日，世纪瑞尔（300150）发布公告称，持股5%以上股东山东铁路发展基金有限公司（简称"山东 铁路基金"）计划15个交易日后的3个月内，以集中竞价交易方式和大宗交易方式减持其持有的不超过 1755.32万股公司股份，即不超过公司总股本的3%。 资料显示，世纪瑞尔成立于1999年5月，主营业务是铁路行车安全监控系统、城市轨道交通乘客信息服 务系统及铁路综合运维服务等。 所属行业：食品饮料–饮料乳品–乳品 品渥食品：股东拟减持不超3%公司股份 4月28日，品渥食品（300892）发布公告称，持股超过5%的股东吴柏赓计划15个交易日后的3个月 ...

Group 1 - The State Council has initiated actions for the protection and construction of beautiful rivers and lakes, emphasizing the need for precise pollution control, scientific governance, and legal enforcement in water resource management [1] - Significant improvements in water ecological environment quality have been reported, with 92.4% of key river basins showing good water quality (Class I-III) in 2024, an increase of 0.7 percentage points year-on-year [1] - The proportion of water quality classified as inferior Class V has decreased to 0.3%, down by 0.1 percentage points compared to the previous year [1] Group 2 - The meeting highlighted the importance of a three-step approach for sustainable water pollution control, including establishing a standard system, optimizing management structures, and seeking multi-party support [2] - The need for smart management in environmental governance is emphasized, with a focus on creating a standardized asset management system for environmental infrastructure [2] - Companies are urged to enhance water pollution prevention through comprehensive lifecycle monitoring, utilizing technologies such as AI and IoT, and to bear higher costs for wastewater discharge [3]

国城矿业（维权）(000688)发布2025年一季报，公司一季度实现营业收入5.3亿元，同比增长77.25%；归 属于上市公司股东的净利润为6.12亿元，同比增长18279.65%。净利润增长主要系出售子公司产生的投 资收益增加所致。 太钢不锈(000825)发布2025年一季报，一季度实现营业收入233.1亿元，同比下降4.71%；净利润1.88亿 元，同比增长5506.92%。 深深房a(000029)发布2025年一季报，报告期内实现营业收入3.3亿元，同比增长457.38%；归属于上市公 司股东的净利润为7242.11万元，同比增长3718.51%。 青达环保(688501)4月27日晚间披露2025年一季报，公司一季度实现营业收入6.19亿元，同比增长 317.43%；净利润6871.27万元，同比增长990.26%。 上市公司进入2024年年报及2025年一季报的披露高峰期。 今夜又有多家上市公司大手笔分红。其中： 古井贡酒(000596)4月27日晚间发布2024年年度报告，公司实现营业收入235.78亿元，同比增长16.41%； 净利润55.17亿元，同比增长20.22%。公司拟以2024年末 ...

Summary of Key Points Core Viewpoint - Four companies have terminated their IPO review process across the Shanghai, Shenzhen, and Beijing stock exchanges, indicating potential challenges in the IPO market and regulatory scrutiny faced by these companies [1][2]. Group 1: Company-Specific Issues - Zhejiang Shenghua Yunfeng New Material Co., Ltd. (Yunfeng New Material) faced regulatory warnings prior to its IPO termination due to undisclosed control relationships between certain distributors and OEM suppliers [1][2]. - The company’s sales model includes both distributor and trademark licensing modes, with findings revealing that key distributors and OEM suppliers were controlled by the same individual [1][2]. - Xiamen Duyuan Outdoor Products Co., Ltd. (Duyuan Outdoor) withdrew its IPO application after a prolonged review period of 22 months, with its application initially accepted in June 2022 but later stalled [2][3]. Group 2: Financial Performance - Duyuan Outdoor reported revenues of 193 million, 352 million, and 310 million yuan from 2020 to 2022, with net profits of approximately 53.83 million, 75.50 million, and 70.72 million yuan respectively, indicating a decline in 2022 [3]. - The company attributed its performance decline to adverse factors such as fluctuations in the shipping market, the Russia-Ukraine conflict, and inflation [3]. - A significant portion of Duyuan Outdoor's revenue comes from international sales, with overseas sales accounting for over 82% of its main business income during the reporting period [3]. Group 3: Market and Regulatory Environment - Tianhe Environmental Technology Co., Ltd. (Tianhe Environmental) terminated its IPO review after nearly two years, with its revenue primarily derived from the coal sector, which constituted 76.74%, 87.49%, and 77.71% of its income from 2021 to 2023 [4][5]. - The company faced inquiries regarding its growth potential and market positioning in light of domestic coal policies and the dual carbon goals, indicating regulatory scrutiny on its future growth prospects [5].

七年前，"长江病了"直指长江生态问题的严重性和紧迫性。随后，长江保护法、《长江保护修复攻坚战 行动计划》等政策法规为加强长江流域生态环境保护和修复提供了遵循。 2024年，《中共中央 国务院关于加快经济社会发展全面绿色转型的意见》出台，再次提出，持续推进 长江经济带共抓大保护，探索生态优先、绿色发展新路径。 国际宇航科学院院士、藻类环境生物学专家刘永定在接受央广财经记者采访时指出，环境问题、生态问 题，关乎经济结构、社会发展水平和人类社会活动，这些都和湖泊生态系统息息相关。"我国在水环境 治理上，总体在不断完善。" 刘永定表示，目前我国湖泊富氧程度有所减轻，但仍然存在。"这不是中国一个国家的问题，全球水华 问题都较为严重，由于全球气候变化，很多湖泊出现水动力不足、水量不够的问题。水资源和水中营养 物质失衡，以及部分湖泊污染严重等问题，使得我们距离实现健康稳定的生态系统还有差距。"刘永定 指出，总体来说，在湖泊治理过程中，既有管理问题需要完善，也有技术问题有待不断创新突破。 打破常规 研发进度"大踏步" 在今年2月举行的江苏省政府新闻发布会上，一组关于太湖的数据折射出我国湖泊治理的成效：2024年 太湖水质总体 ...

金诚信：与西部矿业续签锡铁山铅锌矿矿山采矿生产承包合同 4月27日晚，金诚信（603979）发布公告称，公司与西部矿业续签锡铁山铅锌矿矿山采矿生产承包合同 并于近日取得经双方签字盖章的合同文件，根据预计工作量预估合同金额约3.77亿元。 资料显示，金诚信成立于2008年1月，主营业务为包括以矿山工程建设、采矿运营管理、矿山设计与技 术研发在内的矿山开发服务业务。 所属行业：有色金属–工业金属–铜 卫信康：子公司获得复方氨基酸注射液(18AA-Ⅸ)药品注册证书 4月27日晚，卫信康（603676）发布公告称，公司全资子公司内蒙古白医制药股份有限公司近日收到国 家药监局核准签发的复方氨基酸注射液(18AA-Ⅸ)《药品注册证书》。根据国家相关政策规定，本次获 得《药品注册证书》视同通过一致性评价。复方氨基酸注射液(18AA-Ⅸ)为成人氨基酸补充剂，用于 急、慢性肾功能不全患者出现低蛋白血症、低营养状态和手术前后的氨基酸补充。 资料显示，卫信康成立于2006年3月，主营业务为化学药品制剂及其原料药的研发、生产、销售。 所属行业：医药生物–化学制药–化学制剂 康缘药业：获得玉女煎颗粒药品注册证书 4月27日晚，康缘药业 ...

Group 1 - The core viewpoint of the article highlights that Taihe Water (605081) reported a significant decline in revenue and net profit for the year 2024, leading to a risk warning for its stock due to financial losses [1] - In 2024, Taihe Water achieved an operating income of 103 million yuan, a year-on-year decrease of 43.53%, and a net profit attributable to shareholders of -334 million yuan [1] - The company faced multiple challenges, including reduced investment demand in the water environment governance industry, difficulties in client cash flow, and impairment provisions for receivables and goodwill [1] Group 2 - Despite the challenges, the water environment governance industry has good development opportunities supported by national policies, although it also faces macroeconomic and competitive pressures [2] - Taihe Water is committed to a development strategy focused on maintaining existing volume, increasing new volume, and seeking variable growth, while actively responding to market changes [2] - The company has developed a comprehensive technical system for water environment ecological governance, including patented methods and technologies for ecological restoration [2] Group 3 - In the drinking water business, Taihe Water has integrated resources and launched new high-end products to meet diverse consumer needs [3] - Recently, the controlling shareholder, He Wenhui, transferred 12% of the company's shares to Beijing Xinxin, making it the new controlling shareholder with 18% voting rights [3] - Looking ahead, Taihe Water plans to enhance its systematic governance approach and explore the integration of ecological governance outcomes with urban development and industrial upgrading [3]

近日，2024年度美丽浙江建设考核结果出炉，杭州市再获优秀市称号，已连续十年获评美丽浙江考 核优秀。 2024年以来，杭州通过深入打好蓝天、碧水、净土保卫战，积极改善生态环境质量。高质量完成 2157个减排项目和457个重点区域近源污染整治，市区PM2.5浓度同比改善3.2%。扩面升级40个"污水零 直排区"，市控以上地表水断面达到或优于Ⅲ类比例、功能区达标率和县级以上集中式饮用水水源地水 质达标率连续4年保持100%。提供"净地"约549亩，累计建成"无废细胞"2900余个，"无废指数"连续3年 位列全省第一。 同时，实施7项碳达峰重点工程，建立七大类91个"双碳"重大项目库，共计投资1200多亿元，新增 光伏并网137.34万千瓦，新增新型储能53.87万千瓦。成为首个C40（城市气候领导联盟）中国零排放施 工机械试点城市。新增更新电动公交车1218辆、新能源出租车（含网约车）24017辆，改建完成全国首 艘甲醇燃油双燃料发动机营运货船。创建国家级绿色低碳工厂11家，省级绿色低碳工业园区2家、工厂 12家。 在生态方面，划定4693.5平方公里生态保护红线。制定《杭州市生物多样性保护战略与行动计划 （20 ...